Please refer to IH&SMEFD Circular No. 10 of 2013 dated November 18, 2013 and IH&SMEFD Circular Letter No. 08 of 2013 dated November 26, 2013 on the captioned subject. In this regard, banks are advised to note the following amendments:

• Maximum tenor of the loans under this programme shall be eight years, including grace period of one year.

• Sectoral limits imposed vide IH&SMEFD Circular Letter No. 08 of 2013 are hereby withdrawn.

Further, attention of the banks is also invited to the SECP’s Code of Corporate Governance required to be followed by the banks in terms of Prudential Regulation G-1. In this respect, banks are advised to ensure that financing provided under this Programme or other similar Programmes should be reported in consolidated form in their Annual Reports under Corporate Social Responsibility initiatives.

Other instructions on the subject shall remain unchanged. Please ensure meticulous compliance of the instructions. .